2) Sears for fiscal year 2022 reports $35,000 net income and $12,000 depreciation expense. The income tax expense for the year ending 2022 is $20,000. The following information is available:

December 31, 2021 December 31, 2022

Cash $35,000 $16,000

Accounts Receivable $35,000 $45,000

Inventories $70,000 $100,000

Fixed Assets $440,000 $581,000

Accumulated Depreciation $120,000 $101,000

Accounts Payable $6,000 $74,000

Wages Payable $4,000 $25,000

Show all of your work. Compute the net cash provided by operating activities for the year 2022? Use the Indirect Method.